Jurnal Inovasi Ekonomi
Jurnal Inovasi Ekonomi (JIKO) has been accredited by the National Journal Accreditation (ARJUNA) Managed by the Ministry of Research, Technology, and Higher Education, Republic of Indonesia, and is currently ranked 4th (Sinta 4). Indexed at Google Scholar and Dimensions.
JIKO is an open-access short communication (letter) journal that publishes both theoretical and empirical original papers in all economics and business fields. JIKO emphasizes contributions to the academic and practical world so that JIKO is expected to have a broad impact from policymakers to economic actors ranging from companies, industries to MSMEs.
JIKO uses the word "Inovasi" which is the same as Innovation as an answer to the increasingly dynamic and disruptive changes in the economic, business, and technology world. We are also delighted with the multidisciplinary approach. Therefore, we appreciate the novelty and conclusion based on the mature discussion.
JIKO only receives article-length, not more than 2500 words, and treat every single manuscript with the double-blind review process.
Articles
153 Documents
<![CDATA[Unmasking the Hidden Hero: Strengthening North Sumatra’s Iconic Commodities through Financial Services ]]>
<![CDATA[Sitohang, Gresia Septina]]>;
<![CDATA[Oktania, Ainur]]>;
<![CDATA[Manihuruk, Frido Evindey]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 10 No. 01 (2025): April ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v10i01.39049
<![CDATA[This study reveals the fascinating story behind North Sumatra's iconic commodities and how the financial services sector can act as a hidden hero to strengthen their development. Through multiple regression analysis on rubber, arabica coffee, and palm oil production data as well as the 2010-2023 agricultural sector GRDP obtained from the North Sumatra Central Bureau of Statistics, it was found that arabica coffee and rubber significantly boosted regional economic growth, while the potential of palm oil has not been maximized. Like a masked hero, the financial services sector, which includes banks, micro institutions, and fintech, has the ability to provide “superpowers” for North Sumatra's leading commodities. By providing effective access to finance, they can help improve the productivity, quality, and competitiveness of these iconic products. This research proposes smart policy recommendations to strengthen the synergy between the financial services sector and commodity development, bringing North Sumatra towards more inclusive and sustainable economic growth.]]>
<![CDATA[Unmasking the Hidden Hero: Strengthening North Sumatra’s Iconic Commodities through Financial Services ]]>
<![CDATA[Sitohang, Gresia Septina]]>;
<![CDATA[Oktania, Ainur]]>;
<![CDATA[Manihuruk, Frido Evindey]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 10 No. 01 (2025): April ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
Show Abstract
|
Download Original
|
Original Source
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Check in Google Scholar
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DOI: 10.22219/jiko.v10i01.39049
<![CDATA[This study reveals the fascinating story behind North Sumatra's iconic commodities and how the financial services sector can act as a hidden hero to strengthen their development. Through multiple regression analysis on rubber, arabica coffee, and palm oil production data as well as the 2010-2023 agricultural sector GRDP obtained from the North Sumatra Central Bureau of Statistics, it was found that arabica coffee and rubber significantly boosted regional economic growth, while the potential of palm oil has not been maximized. Like a masked hero, the financial services sector, which includes banks, micro institutions, and fintech, has the ability to provide “superpowers” for North Sumatra's leading commodities. By providing effective access to finance, they can help improve the productivity, quality, and competitiveness of these iconic products. This research proposes smart policy recommendations to strengthen the synergy between the financial services sector and commodity development, bringing North Sumatra towards more inclusive and sustainable economic growth.]]>
<![CDATA[Green Economy: Opportunities and Challenges for the Renewable Energy Sector in Indonesia ]]>
<![CDATA[Dakhi, Hermanfland]]>;
<![CDATA[Hukom, Alexandra]]>;
<![CDATA[Perwira Ompusunggu, Dicky]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 10 No. 01 (2025): April ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v10i01.40224
<![CDATA[This research explores the opportunities and challenges of the renewable energy sector—specifically geothermal, wind, bioenergy, and solar—in supporting the green economy in Indonesia. The study examines Indonesia’s commitment to the Enhanced Nationally Determined Contributions (ENDC) to reduce greenhouse gas emissions by 31.89% through domestic efforts and 43.2% with international assistance by 2030. A normative economic research approach, based on secondary data analysis, is used to evaluate existing energy policies, such as the Domestic Market Obligation (DMO), and their impact on economic growth and the environment. Findings indicate that innovation in the renewable energy sector not only enhances efficiency and productivity but also mitigates environmental harm. However, significant barriers to implementation remain. As domestic energy demand continues to rise due to economic and population growth, sustainable and innovative solutions are essential to ensuring inclusive and environmentally friendly economic development.]]>
<![CDATA[Green Economy: Opportunities and Challenges for the Renewable Energy Sector in Indonesia ]]>
<![CDATA[Dakhi, Hermanfland]]>;
<![CDATA[Hukom, Alexandra]]>;
<![CDATA[Perwira Ompusunggu, Dicky]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 10 No. 01 (2025): April ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v10i01.40224
<![CDATA[This research explores the opportunities and challenges of the renewable energy sector—specifically geothermal, wind, bioenergy, and solar—in supporting the green economy in Indonesia. The study examines Indonesia’s commitment to the Enhanced Nationally Determined Contributions (ENDC) to reduce greenhouse gas emissions by 31.89% through domestic efforts and 43.2% with international assistance by 2030. A normative economic research approach, based on secondary data analysis, is used to evaluate existing energy policies, such as the Domestic Market Obligation (DMO), and their impact on economic growth and the environment. Findings indicate that innovation in the renewable energy sector not only enhances efficiency and productivity but also mitigates environmental harm. However, significant barriers to implementation remain. As domestic energy demand continues to rise due to economic and population growth, sustainable and innovative solutions are essential to ensuring inclusive and environmentally friendly economic development.]]>
<![CDATA[Enhancing customer loyalty in regional banks: The moderating role of communication quality ]]>
<![CDATA[Jefry Wahyu Santoso]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 10 No. 02 (2025): October ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v10i02.41083
<![CDATA[This study examines the determinants of customer loyalty in regional banking by investigating the effects of service quality, customer satisfaction, and perceived value, while positioning communication quality as a moderating variable. The study focuses on customers of Bank Jatim KCP Malang and employs a quantitative-dominant mixed-methods approach. Primary data were collected from 100 customers through a structured questionnaire using a five-point Likert scale. The quantitative data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM), while qualitative information was used to provide contextual interpretation of customer experiences. The findings demonstrate that service quality, customer satisfaction, and perceived value have positive and significant effects on customer loyalty. Communication quality also has a positive direct effect on loyalty and significantly strengthens the relationships between service quality, customer satisfaction, perceived value, and customer loyalty. These findings indicate that loyalty in regional banking is shaped not only by the quality and value of services delivered but also by the quality of communication through which customer experiences are developed and reinforced. The study contributes to the literature by positioning communication quality as a relational moderator within an integrated customer-loyalty framework. The findings also provide practical implications for regional banks seeking to combine service excellence, customer value, and effective communication to strengthen long-term customer relationships.]]>
<![CDATA[Enhancing Customer Loyalty in Regional Banks: The Moderating Role of Communication Quality ]]>
<![CDATA[Jefry Wahyu Santoso]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 10 No. 02 (2025): October ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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<![CDATA[This study examines the effects of service quality, customer satisfaction, and perceived value on customer loyalty, with communication quality as a moderating variable, in the context of Bank Jatim KCP Malang. A mixed-methods approach with a sequential explanatory design was employed to provide a comprehensive understanding of the relationships among variables. Quantitative data were collected through a survey of 100 respondents using structured questionnaires with Likert-scale measurements and analyzed using Hierarchical Linear Modeling (HLM) and Multi-Group Analysis (MGA). Qualitative data were obtained through in-depth interviews and focus group discussions to enrich the interpretation of the findings. The results indicate that service quality, customer satisfaction, and perceived value have positive and significant effects on customer loyalty. Furthermore, communication quality significantly moderates these relationships, strengthening the impact of the independent variables on customer loyalty. These findings suggest that in the context of regional banking, customer loyalty is not solely driven by core service attributes but is also reinforced by effective and relational communication strategies. Theoretically, this study extends customer loyalty models by incorporating communication quality as a moderating variable within the SERVQUAL framework and Commitment-Trust Theory. Practically, the findings highlight the importance for regional banks to develop adaptive and integrated communication strategies alongside continuous improvements in service quality to sustain customer loyalty in an increasingly competitive banking environment.]]>
<![CDATA[Artificial intelligence and institutional adaptation in emerging markets ]]>
<![CDATA[Reza Muhammad Rizqi]]>;
<![CDATA[Aliah Pratiwi]]>;
<![CDATA[Fahlia Fahlia]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 11 No. 01 (2026): June 2026 ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v11i01.43911
<![CDATA[Artificial Intelligence (AI) is increasingly recognized as a key driver of technological upgrading and digital transformation in emerging economies. However, its contribution extends beyond operational efficiency, requiring institutional adaptation to ensure effective governance in increasingly digitalized production systems. Drawing on evolutionary economics and institutional economics, this study examines the relationship between AI adoption, process digitalization, and audit quality within Indonesia's manufacturing sector. AI adoption is conceptualized as technological upgrading, process digitalization as organizational structural transformation, and audit quality as an indicator of institutional adaptation. This study employs a quantitative explanatory design using survey data collected from 125 internal and external auditors with experience auditing manufacturing firms listed on the Indonesia Stock Exchange. Data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) to evaluate both direct and indirect relationships among the proposed constructs. The findings indicate that AI adoption significantly enhances process digitalization and directly improves audit quality. Process digitalization also exerts a significant positive effect on audit quality and partially mediates the relationship between AI adoption and institutional governance outcomes. These results suggest that technological innovation generates broader organizational benefits when supported by integrated digital processes that strengthen transparency, accountability, and information reliability.]]>
<![CDATA[Community-based halal tourism and local development: The roles of community participation and halal standards in Lombok ]]>
<![CDATA[Reza Arviciena Sakti]]>;
<![CDATA[Yudhi Kurniawan]]>;
<![CDATA[Abdul Basit]]>;
<![CDATA[I Putu Septian Adi Prayuda]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 11 No. 01 (2026): June 2026 ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v11i01.44332
<![CDATA[Community-based halal tourism has gained increasing attention as an approach to promoting inclusive and sustainable tourism development. However, limited attention has been given to how community participation and halal standards contribute to local economic and sustainability outcomes. This study examines the relationships between community participation, halal standards compliance, local economic benefits, and cultural and environmental preservation in community-based halal tourism in Lombok, Indonesia. Using a quantitative approach and Partial Least Squares Structural Equation Modeling (PLS-SEM), data were collected from individuals directly involved in tourism-related economic activities. The findings show that community participation and halal standards compliance are positively associated with local economic benefits. Local economic benefits are also positively associated with cultural and environmental preservation, while community participation and halal standards compliance have direct positive relationships with preservation outcomes. The findings highlight the importance of community involvement and effective halal tourism governance in supporting local economic development and sustainable tourism outcomes.]]>
<![CDATA[Exploring the drivers of impulsive buying in e-commerce: the role of hedonic motivation, shopping lifestyle, and positive emotions ]]>
<![CDATA[Nurifa Laksmitasari Azizah]]>;
<![CDATA[Muhammad Fauzi]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 10 No. 02 (2025): October ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v10i02.35353
<![CDATA[The rapid expansion of e-commerce has transformed fashion consumption and created new opportunities for consumers to engage in unplanned purchasing. This study examines the effects of hedonic motivation and shopping lifestyle on impulse buying and investigates the mediating role of positive emotions among consumers purchasing fashion products through e-commerce in Indonesia. A quantitative causal research design was employed using data from 140 respondents selected through purposive sampling. The data were analyzed using Partial Least Squares Structural Equation Modeling (PLS-SEM) with SmartPLS. The results show that hedonic motivation has a positive and significant effect on impulse buying and positive emotions. Shopping lifestyle also has a positive and significant effect on both impulse buying and positive emotions. Furthermore, positive emotions significantly increase impulse buying and represent the strongest direct relationship in the structural model. The mediation analysis confirms that positive emotions significantly mediate the relationships between hedonic motivation and impulse buying and between shopping lifestyle and impulse buying. The model explains 56.3% of the variance in impulse buying. These findings indicate that impulse buying in fashion e-commerce is shaped not only by consumers’ shopping orientations but also by their emotional experiences. The study highlights the importance of integrating motivational, lifestyle, and affective factors to understand spontaneous purchasing behavior in digital fashion consumption.]]>
<![CDATA[The Institutional audit governance and corporate tax avoidance in an emerging market: Evidence from Indonesian listed companies ]]>
<![CDATA[Joyce Tan]]>;
<![CDATA[Sari Dewi]]>;
<![CDATA[Hendi Hendi]]>
<![CDATA[ Jurnal Inovasi Ekonomi Vol. 11 No. 01 (2026): June 2026 ]]>
Publisher : <![CDATA[Center for Economics, Business and Entrepreneurship Development Faculty of Economics and Business, Universitas Muhammadiyah Malang ]]>
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DOI: 10.22219/jiko.v11i01.37939
<![CDATA[Corporate tax avoidance reduces fiscal capacity and poses challenges for sustainable economic development in emerging markets. While previous studies have examined audit characteristics and financial constraints as determinants of tax avoidance, limited attention has been given to their role as institutional governance mechanisms. This study investigates whether audit tenure, audit opinion, audit delay, and financial constraints influence corporate tax avoidance among Indonesian listed companies from 2018 to 2022. Using a balanced panel dataset of 500 firm-year observations, the study employs panel data regression with the Fixed Effects Model (FEM). Losses, return on assets (ROA), and leverage are included as control variables. The findings indicate that audit tenure has a significant negative effect on tax avoidance, suggesting that longer auditor–client relationships strengthen monitoring and reduce aggressive tax planning. Financial constraints and corporate losses significantly influence tax avoidance, whereas audit opinion, audit delay, leverage, and ROA are not statistically significant. These results demonstrate that corporate tax avoidance is shaped not only by firm-level financial conditions but also by institutional governance arrangements surrounding the audit process.]]>
